WE TRANSFORM BUSINESS NEEDS INTO SOLUTIONS THAT GROW WITH YOUR BUSINESS.
Certainty of Execution
The Bancorp does not use third-party funding sources, which ensures a streamlined and transparent origination process.
Attractive Leverage
Our bridge loans cover up to 80% of purchase price (75% for non-multifamily properties) plus 100% of renovation and/or tenant improvements/leasing costs.
Flexible Financing
Our loans range from $2 million to $60+ million, providing liquidity and flexibility for our customer base.
Non-recourse Bridge Lending Parameters*
Floating Rate
Fixed Rate
Loan amount
$2,000,000 to $60,000,000+
$2,000,000 to $60,000,000+
Loan Term
3-year initial term, plus two 1-year extension options
3-year initial term, plus two 1-year extension options
Asset Types
Multifamily focus; Retail, Office, Industrial, and Self-Storage considered
Value-add multifamily acquisitions
Security
First mortgage lien on subject property
First mortgage lien on subject property
Loan to Cost/Value
Up to 80% of purchase price (75% for non-multifamily) plus 100% of renovation and/or tenant improvements/leasing costs
Up to 80% of purchase price plus 100% of renovation costs
DSCR
Prefunded interest reserve required for low DSCR loans
Prefunded interest reserve required for low DSCR loans
Amortization
Interest-only during initial term, 30 years during extensions
Interest-only during initial term, 30 years during extensions
Rate
Market rate spread over 30-Day Average SOFR
Starting at 8.00%
Origination Fee
1.00%
1.00%
Exit Fee
0.50% – 1.00%
1.00%
Prepayment
No lockout; spread maintenance for 18-24 months
No lockout; prepayment penalty of 2% in Year 1, 1% in Year 2
Recourse
Non-recourse except for standard "bad boy" carve-outs
Non-recourse except for standard "bad boy" carve-outs
Sponsorship
Established track record with sufficient net worth and liquidity
Established track record with sufficient net worth and liquidity
Closing Timeline
30-45 days on average upon receipt of executed term sheet
30-45 days on average upon receipt of executed term sheet
Certainty of Execution
Funding via The Bancorp's balance sheet; no warehouse line
Funding via The Bancorp's balance sheet; no warehouse line
*Subject to credit underwriting and approval.
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RECENT TRANSACTIONS
Multifamily Property
Columbus, OH
Multifamily Property
Dallas, TX
Multifamily Property
Tucson, AZ
Multifamily Property
Tampa, FL